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The latest research from HTF MI reports that the global high-voltage direct current (HVDC) transmission market was valued at $7.
65 billion in 2017 and will reach $16.
2 billion by the end of 2025, growing at a CAGR of 9.
8%
during the period.
In contrast to more common alternating current (AC) systems, high-voltage direct current transmission systems can use direct current for high-power power transmission
.
For long-distance transmission, HVDC systems are less expensive and have lower
electrical losses.
For underwater power cables, HVDC avoids the large currents
required to charge and discharge the cable capacitors each cycle.
For shorter distances, even the higher cost of DC conversion equipment is justified
compared to AC systems due to the other advantages of DC links.
HVDC transmission systems allow the transmission of power between asynchronous AC transmission
systems.
Since the flow of power through the line can be controlled independently of the phase angle between the power source and the load, the network can be stabilized to prevent interference
due to rapid changes in power.
HVDC transmission also allows power to be transmitted between grid systems operating at different frequencies, such as 50Hz and 60Hz
.
By allowing the exchange of power between incompatible networks, the stability and economy of the grid is improved
.
Overall, aging power infrastructure, increasing electricity consumption patterns, economic uncertainty, low-carbon emission initiatives, high power quality, and increased demand for reliable and stable power transmission are the major drivers contributing to the steady and rapid growth of the global HVDC transmission market
.
From the perspective of enterprises, ABB, Siemens, Toshiba, XD Group, Nari Jibo Electric, General Electric Grid Solutions, Anket, TBEA, Xuji Group, Hitachi, Nexans, Toshiba, Mitsubishi Electric and Abengo will become the world's leading HVDC transmission technology service providers
.
The latest research from HTF MI reports that the global high-voltage direct current (HVDC) transmission market was valued at $7.
65 billion in 2017 and will reach $16.
2 billion by the end of 2025, growing at a CAGR of 9.
8%
during the period.
In contrast to more common alternating current (AC) systems, high-voltage direct current transmission systems can use direct current for high-power power transmission
.
For long-distance transmission, HVDC systems are less expensive and have lower
electrical losses.
For underwater power cables, HVDC avoids the large currents
required to charge and discharge the cable capacitors each cycle.
For shorter distances, even the higher cost of DC conversion equipment is justified
compared to AC systems due to the other advantages of DC links.
HVDC transmission systems allow the transmission of power between asynchronous AC transmission
systems.
Since the flow of power through the line can be controlled independently of the phase angle between the power source and the load, the network can be stabilized to prevent interference
due to rapid changes in power.
HVDC transmission also allows power to be transmitted between grid systems operating at different frequencies, such as 50Hz and 60Hz
.
By allowing the exchange of power between incompatible networks, the stability and economy of the grid is improved
.
Overall, aging power infrastructure, increasing electricity consumption patterns, economic uncertainty, low-carbon emission initiatives, high power quality, and increased demand for reliable and stable power transmission are the major drivers contributing to the steady and rapid growth of the global HVDC transmission market
.
From the perspective of enterprises, ABB, Siemens, Toshiba, XD Group, Nari Jibo Electric, General Electric Grid Solutions, Anket, TBEA, Xuji Group, Hitachi, Nexans, Toshiba, Mitsubishi Electric and Abengo will become the world's leading HVDC transmission technology service providers
.
